Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
02 October 2006Website:
http://www.westernunion.comNext earnings report:
06 February 2025Last dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 25 Oct 2024 23:59:59 GMTAnalysts recommendations
Institutional Ownership
WU Latest News
Investors were clearly unimpressed by the company's third-quarter performance.
WU's Q3 results benefit from its strong Branded Digital business and a lower expense level, partly offset by reduced Iraq contributions.
Western Union plans to acquire Dash, a mobile wallet in Singapore that has more than 1.4 million users. The company and Dash owner Singtel signed a conditional agreement on the sale of the mobile wallet, the companies said in a Wednesday (Oct. 23) press release.
Western Union's Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of double-digit transaction growth for the Branded Digital business, the company said in a presentation released Wednesday (Oct. 23) in conjunction with its quarterly earnings call.
The Western Union Company (NYSE:WU ) Q3 2024 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Tom Hadley - Vice President of Investor Relations Devin McGranahan - Chief Executive Officer Matt Cagwin - Chief Financial Officer Conference Call Participants Jason Kupferberg - Bank of America Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Andrew Schmidt - Citi Ken Suchoski - Autonomous Rufus Hone - BMO Tim Chiodo - UBS Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank Operator Good day, and welcome to the Western Union Third Quarter 2024 Results Conference Call. All participants will be in listen-only mode.
While the top- and bottom-line numbers for Western Union (WU) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Western Union (WU) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.43 per share a year ago.
Western Union's core business, international money transfers, produces strong cash flow but has been shrinking as digital-only competitors take market share. New CEO Devin McGranahan is focused on cost-cutting and expanding the Branded Digital business, but margins continue to decline. I weigh the pros and cons of an investment in the business and lay out a price range that I would be comfortable buying in.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Western Union's 8% dividend yield is tempting, but the company is in decline, meriting a Hold rating for now. Management's "digital first" strategy aims to counteract declining revenues, but the business still heavily relies on traditional money transfer services. Financials show declining revenues and free cash flow, with capital allocated mainly to buybacks and dividends, reflecting limited reinvestment opportunities.
What type of business is Western Union?
Western Union Company is one of the global leaders in the field of global money movement and payment services, providing fast, reliable, and convenient ways to send money and make payments worldwide. The company was founded in 1851. The Western Union brand is recognized worldwide as a symbol of convenience, speed, and reliability. The company's services are available through a network of more than 550,000 locations in over 200 countries and territories, as well as through online money transfer transactions conducted and funded through Western Union's proprietary websites and mobile applications. Money transfer services, payment services are provided under the Western Union, Orlandi Valuta, Vigo, Western Union Business Solutions, Speedpay, Pago Fácil, Western Union Payments, Quick Collect, Quick Pay, Pay @ WU, Quick Cash, and Convenience Pay brands.
What sector is Western Union in?
Western Union is in the Financial Services sector
What industry is Western Union in?
Western Union is in the Credit Services industry
What country is Western Union from?
Western Union is headquartered in United States
When did Western Union go public?
Western Union initial public offering (IPO) was on 02 October 2006
What is Western Union website?
https://www.westernunion.com
Is Western Union in the S&P 500?
No, Western Union is not included in the S&P 500 index
Is Western Union in the NASDAQ 100?
No, Western Union is not included in the NASDAQ 100 index
Is Western Union in the Dow Jones?
No, Western Union is not included in the Dow Jones index
When was Western Union the previous earnings report?
No data
When does Western Union earnings report?
The next expected earnings date for Western Union is 06 February 2025